Developers & Nonprofits
Capital for Projects That Are Ready to Move Forward
KIRBI Capital works with developers and nonprofit housing organizations that have viable projects, committed public resources, or identified repayment sources but need flexible capital to move from award to construction and stabilization.
Financing Solutions
What we can finance
- Construction financing
- Bridge financing
- Construction-to-permanent financing
- Permanent mortgage financing
- Financing for approved hard and soft development costs
- Structures combining public subsidy and private debt
Credit Criteria
What We Look For
Every transaction is evaluated individually; the items below inform our review rather than serving as fixed thresholds.
- Identifiable repayment source
- Clear Sources and Uses
- Credible development budget
- Experienced development and construction team
- Satisfactory collateral
- Construction contract
- Public or institutional funding commitments where applicable
- Stabilized rental income
- Clear compliance requirements
- Realistic completion schedule
More Than Capital
KIRBI Capital is designed to work alongside developers throughout the financing lifecycle—from underwriting and closing through construction draws, reimbursement, and permanent conversion.
Mission-Driven Housing
Nonprofit and affordable-housing sponsors must balance feasibility, affordability, compliance, and long-term operations at the same time. KIRBI Capital seeks to structure financing that works within those constraints rather than against them.
Emerging Developers
Institutional Infrastructure for Emerging Developers
Many emerging developers and nonprofit sponsors understand their communities, identify viable housing opportunities, control sites, and secure public awards, but may not yet have the internal infrastructure of a large institutional developer.
Where difficulty often appears
- Sources and Uses
- Construction budgets
- Lender underwriting
- Draw requirements
- Section 3
- Davis-Bacon
- Reimbursement procedures
- Lender reporting
- Takeout structures
- Permanent debt sizing
KIRBI Capital's objective is not to reduce underwriting standards. It is to provide the infrastructure that allows qualified projects to satisfy institutional requirements.
Our objective is to help qualified projects become better structured, better documented, and more financeable.
That includes helping developers understand how public funding, construction debt, compliance, takeout, and permanent financing fit together as a single capital structure.
Lifecycle
Supporting the Full Financing Lifecycle
KIRBI Capital intends to work with qualified developers from initial project review through permanent financing.
That lifecycle is administered through KIRBI Systems, the technology-enabled reporting and documentation framework supporting draws, inspections, compliance items, and financing milestones. Explore KIRBI Systems →
Submit a project for review.
Financing is subject to underwriting, credit approval, available capital, documentation, applicable law, and program requirements.